Kingsview Wealth Management LLC Increases Stock Position in Capital Group Core Equity ETF $CGUS

Kingsview Wealth Management LLC lifted its stake in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 28.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 253,557 shares of the company’s stock after acquiring an additional 56,373 shares during the quarter. Kingsview Wealth Management LLC owned 0.15% of Capital Group Core Equity ETF worth $9,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Fifth Third Bancorp bought a new position in shares of Capital Group Core Equity ETF during the 2nd quarter valued at $40,000. Truist Financial Corp grew its holdings in shares of Capital Group Core Equity ETF by 8.8% in the second quarter. Truist Financial Corp now owns 186,633 shares of the company’s stock worth $6,892,000 after acquiring an additional 15,138 shares during the period. Cerity Partners LLC increased its position in Capital Group Core Equity ETF by 2.9% during the first quarter. Cerity Partners LLC now owns 31,173 shares of the company’s stock valued at $1,041,000 after acquiring an additional 865 shares during the last quarter. ORG Partners LLC increased its position in Capital Group Core Equity ETF by 799.5% during the second quarter. ORG Partners LLC now owns 9,148 shares of the company’s stock valued at $337,000 after acquiring an additional 8,131 shares during the last quarter. Finally, Tempus Wealth Planning LLC lifted its holdings in Capital Group Core Equity ETF by 4.6% in the second quarter. Tempus Wealth Planning LLC now owns 55,855 shares of the company’s stock valued at $2,063,000 after acquiring an additional 2,453 shares during the period.

Capital Group Core Equity ETF Stock Performance

Shares of NYSEARCA:CGUS opened at $39.69 on Monday. The stock’s 50-day simple moving average is $39.69 and its two-hundred day simple moving average is $37.75. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 26.31 and a beta of 0.92. Capital Group Core Equity ETF has a 52-week low of $28.95 and a 52-week high of $40.80.

Capital Group Core Equity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were issued a $0.0925 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.9%.

About Capital Group Core Equity ETF

The Capital Group Core Equity ETF (CGUS) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in companies believed to have the potential for appreciation and\u002For dividends. CGUS was launched on Feb 22, 2022 and is managed by Capital Group.